Search Results for: Stuart West market report

February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

02.06.14 by

February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

As of February 2014, there are 4 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  Listing prices range from $210,000 to $499,000 with an average list price of $199.68 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

No current the Maritimes Condos and Townhomes listings are pending (under contract” at this time).

There have been 3 condos sold in the past 12 months in the Maritimes Condos and Townhomes.  The sales prices ranged from $295,000 to $525,000 for an average of $271.52 per sq. ft. of living area and these sales were at 95% of the listing prices.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean. 

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes



Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes



Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


View all of our Listings

Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team

February 2014 Market report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

Hutchinson House Condos for Sale and Sold Report for January 2014

01.05.14 by

Hutchinson House Condos for Sale and Sold Report for January 2014

Hutchinson House Condos for Sale and Sold ReportAs of January 2014, there are 6 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $205,000 to $399,000 with an average of $212.75 per sq. ft. of living area.

Two condos are pending and awaiting transfer.  List prices were $250,000 and $439,000 for an average of $202.61 per sq. ft. of living area.

There have been 9 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $190,000 to $400,000 for an average of $200.05 per sq. ft. of living area.  There were no distressed properties (short sales or bank owned) in any of the above Hutchinson House condo listings or sales. Hutchinson House Condos for Sale and Sold Report Hutchinson House Condos for Sale and Sold ReportLocated on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

 
Hutchinson House Condos for Sale and Sold ReportHutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House Condos for Sale and Sold ReportThe Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

Martin County Florida Condo Market Report for October 2013

12.10.13 by

Martin County Florida Condo Market Report for October 2013

 

Commentary:

The Martin County Florida Condo Market for October 2013 showed better numbers than in previous years on a year to year comparison.  Still a bit slower than we would like.  Inventory increased this month to 546 units (the second month in a row with gains).  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price decreased significantly in October to one of the lowest numbers in years.  This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values.   Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months.  The condo market for Martin County continues to be a buyers market.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Potential higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers.  Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.

Martin County Florida Condo Market Report for October 2013

Click on the charts for a larger view: 

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.Martin County Florida Condo Market Report for October 2013

Martin County Florida Condo Market Report for October 2013Martin County Florida Condo Market Report for October 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for October 2013

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Danforth in Palm City July 2013 Market Report

07.26.13 by

Danforth in Palm City July 2013 Market Report

As of July, 2013:
There are currently 8 active home listings for sale in Danforth.  Prices range from $299,500 to $450,000.  The average price is $368,412 which represents $149.62 per square ft. of living area.  None of these homes are foreclosures or short sales.

  4 homes are currently under contract.  No bank owned or short sales in this group.  Listing prices range from $269,000 to $325,000.  The average price is $303,000 at a sq. ft. of living area cost of $142.74. 

In the past 12 months 28 homes have sold in Danforth, indicating a very active market.  The sales prices ranged from $192,000 to $450,000.  6 of these homes were bank owned and 4 were foreclosures.  The average sales price was $284,675 at $113.24 per sq. ft.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $304.00 per quarter (as of Sept. 2012).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.

Search for Danforth Homes for Sale

the Gabe Sanders real estate team

Palm City Florida Real Estate

Residential Homes, homes and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Danforth in Palm City July 2013 Market Report

 

April 2013 Market Report Lake Tuscany in Stuart Florida

04.18.13 by

April 2013 Market Report Lake Tuscany in Stuart Florida

As of April 18 2013, there are 6  homes available for sale with listing prices from $334,000 to $469,000 at an average price per square foot of living area of $135.41.

One home is pending and awaiting close.  The home was offered for $437,000 or $100.16 per sq. ft.

In the past 12 months, 5 homes have sold in Lake Tuscany ranging in sales price from $230,000 to $400,000 at an average of $98.22 per sq. ft. of living area.

April 2013 Market Report Lake Tuscany in Stuart Florida is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Search here for currently available homes in Lake Tuscany in Stuart Florida

For any questions you may have about April 2013 Market Report Lake Tuscany in Stuart Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

April 2013 Market Report Lake Tuscany in Stuart Florida

 

April 2013 Market Report Locks Landing in Stuart Florida

04.17.13 by

April 2013 Market Report Locks Landing in Stuart Florida

As of April 17 2013, there are only 3 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $269,000 to $399,000 for an average price per square foot of $152.17.

One home is under contract and awaiting settlement.  A short sale listed at $275,000 or $98.07 per sq. ft.

In the past 12 months, 13 homes have sold in Locks Landing with sales prices ranging from $245,000 to $405,000 for an average of $137.37 per sq. ft.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

April 2013 Market Report Locks Landing in Stuart Florida

 

April 2013 Market Report The Retreat in Hobe Sound

04.06.13 by

April 2013 Market Report The Retreat in Hobe Sound

For the April 2013 Market Report The Retreat in Hobe Sound there are currently 7 homes on the market, ranging in price from $189,900 to $369,000 for an average of $148 per square foot of living area.

There are 8 homes under contract and awaiting sales.  Listing prices range from $199,000 to $399,900 with an average of $145 per sq. ft. of living area.

In the past 12 months, 16 homes have sold in the Retreat.  Sales prices ranged from a low of $175,000 to a high of $380,000 at an average of $129 per sq. ft. of living area.

April 2013 Market Report The Retreat in Hobe Sound

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound.  The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

 April 2013 Market Report The Retreat in Hobe Sound

Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living.  Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts.  Golf course access in right next door at Lost Lake.

 April 2013 Market Report The Retreat in Hobe Sound

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

 April 2013 Market Report The Retreat in Hobe Sound

Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

April 2013 Market Report The Retreat in Hobe Sound

Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Search All Hutchinson Island FL real estate

April 2013 Market Report The Retreat in Hobe Sound


March 2013 Market Report for Hutchinson House Condos

03.02.13 by

March 2013 Market Report for Hutchinson House Condos

As of March 1 2013, there are 4 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $215,000 to $499,000 with an average of $219.26 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $210,000 to $350,000 for an average of $200.05 per sq. ft. of living area.

[singlepic id=1866 w=550 h=550 mode=watermark float=center]

[singlepic id=1867 w=550 h=550 mode=watermark float=center]

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.
 
[singlepic id=1869 w=550 h=550 mode=watermark float=center]
[singlepic id=1870 w=550 h=550 mode=watermark float=center]

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

[singlepic id=1868 w=550 h=550 mode=watermark float=center]

[singlepic id=1871 w=550 h=550 mode=watermark float=center]

The Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

[singlepic id=1872 w=550 h=550 mode=watermark float=center]

 

Rocky Point December 2012 Market Report

01.08.13 by

Rocky Point December 2012 Market Report

The Rocky Point December 2012 Market Report for Stuart Florida:

There are currently 32 active listings in Rocky Point.  The average list price is $458,907 based on $176.01 per square foot of living area.

13 homes are under contract (pending sales).  The average list price is $165,461 at $137.35 per square foot.

In the past 12 months, 74 homes have sold in Rocky Point at an average sales price of $237,628 at $120.70 per square foot of living area.
The highest priced sale was $1,180,000 and the lowest was $54,900. 

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of it’s proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system. 

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.        

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

 Rocky Point real estate

 

 

Search the Martin County MLS
Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
the Gabe Sanders real estate team

Stuart Florida Real Estate
 

Rocky Point December 2012 Market Report

 

Open House Westwood Country Estates Custom Home in Palm City Florida

08.02.12 by

Open House Westwood Country Estates Custom Home in Palm City Florida

Please come visit our open house Westwood Country Estates custom home in Palm City Florida on Sunday, August 5 from 1 p.m. to 4 p.m.

Custom energy efficient home, built by the current owner in 2003, this is an immaculate CBS split plan, 3/2/3 that is designed for easy living. Nestled on a half acre and backing up to a pristine preserve, this home offers privacy with all that nature has to offer. Tiled living area, fabulous custom kitchen with breakfast area just off family room, formal dining room, and screened patio allows for plenty of room for entertaining. All rooms are over-sized, and the master closets are huge! 3 car garage with built in work bench. Plenty of room to add a pool and/or spa in the back yard. Located in Westwood Country Estates, one of Palm City’s hidden gems where you are close to A-Rated schools, I-95, and Florida’s Turnpike.

About Westwood Country Estates:

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully places on oversized lots that will give you and your family plenty of room to grow! The landscaping throughout Westwood Country Estates is very eye pleasing and adding just another feature that you will feel proud coming home to. Each home is a gorgeous piece of art that you will be sure to fall in love with! Palm City is a great place to raise a family with its “A” rated schools and closeness to I-95 and Florida’s turnpike which opens you to all the opportunities of both Martin County and Palm Beach County! The city has plenty of recreational areas to spend a day outdoors with your family!

Search for All Westwood Country Estates Homes for Sale

Open House Westwood Country Estates Custom Home in Palm City Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Real Estate presented by
the Gabe Sanders real estate team

Martin County Florida Condo Market Report for June 2012

07.31.12 by

Martin County Florida Condo Market Report for June 2012

Commentary:

The Martin County Florida Condo Market for June 2012 continues on a positive trend. Sales for June were a strong 62 units, which is the highest number of condo sales for a June in the past few years. Ant this with an inventory of available condos now the lowest since October of 205.  On another positive note, the median sales price rose to $141,250 reflecting some higher to moderate priced condos having sold.  This is the fourth month in a row we’ve had an increase in median prices.

The inventory is now down to 572 condos, down from the 668 condos that were on the market in June of 2011. The one month absorption rate is now at 9.23 months, while the three-month average is down to 8.40 months.  While it remains a somewhat challenging market for condos in Martin County, there are some signs of life as prices across the board have declined significantly. We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.  The June numbers are showing that the condo market is coming back to life and desirable units are in fact selling.

Our outlook for the Martin County condo market is fairly positive.  Buyers can get units at attractive prices and sellers have the ability to sell their units for today’s market value.

Martin County Florida Condo Market Report for June 2012

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Lake Tuscany in Stuart Florida

07.03.12 by

Lake Tuscany in Stuart Florida

Lake Tuscany in Stuart Florida is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Search here for currently available homes in Lake Tuscany in Stuart Florida

For any questions you may have about Lake Tuscany in Stuart Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Lake Tuscany in Stuart Florida

The Estuary of Stuart Florida

06.09.12 by

The Estuary of Stuart Florida

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.

The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views.  A select number of condos have mile wide river views of the Saint Lucie River.  An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation.  In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool.  Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace.  This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet.   Homes on Plumbago Trail also enjoy spectacular wide water views.  The Estuary is truly a wonderful place to call home.

Please call for a full selection of available Estuary of Stuart Florida Homes and Condos for Sale

Search for Estuary Homes and Condos in Stuart Florida

Stuart Florida Real Estate

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

The Estuary of Stuart Florida

 

Martin County Florida Condo Market Report for February 2012

03.27.12 by

Martin County Florida Condo Market Report for February 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for February 2012 showed modest increases for February of 2012. Sales for February were a respectable 57 units, up by 3 from February of 2011 (54 units) and also up from January which had 37 sales. On a negative note, the median sales price took a dive to $85,000.  This is most likely a reflection of the mix of condos that sold in February as opposed to a big drop in values.  More of the lower priced mainland condos were the ones that drove down the median price.

The inventory continues to decline and is now down to 640 condos, which is down from 664 units last month and from 772 condos in February of 2011.  This is the lowest inventory since November of 2005 which was prior to the ‘bubble’.  A decreased inventory will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

The one month absorption rate is now at 11.23 months, while the three month average is at 13.54 months.  Considerably better than the 14.3 and 15.51 months of February 2011. We still need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for February 2012

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for February 2012

03.27.12 by

Martin County Florida Residential Market Report for February 2012

Commentary:

The Martin County Florida residential market report for February 2012 showed excellent results. The sales volume of 116 homes was the exact same as last year and up by 18 homes from January (98). The one month absorption rate was down to 11.85 months while the three month moving average is at 11.31 months. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were up from January.  In fact, average sales prices have risen for the last two months.  Along with this trend, listing prices are also inching up, and have been rising for the past six months.  The inventory declined to 1375 residential units.  This is the lowest value since October of 2005, before the ‘bubble’.  The reduction of inventory is what is exerting strong pressure on possible price increases.  While a continuing trickle of distressed properties (short sales and foreclosures) are counteracting the upward price pressure.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

Please feel free to contact us if you have any difficulty interpreting these charts.

Click on the individual charts to see charts in expanded mode.

Residential Market Report for February 2012 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Ocean House at Indian River Plantation in Stuart Florida

03.01.12 by

Ocean House at Indian River Plantation in Stuart Florida

One of the newest buildings in the Indian River Plantation, Ocean House, is also the most magnificent.  Consists of 79 Luxury Condos units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances.  Two flat-screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walking down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of genuine Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio, and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Ocean House at Indian River Plantation in Stuart Florida

Hutchinson Island Condos For Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

Hutchinson House Condos on Hutchinson Island in Stuart Florida

01.10.12 by

Hutchinson House Condos on Hutchinson Island in Stuart Florida

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the riverside being called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

The Hutchinson House condos are one of the few condo developments that is pet friendly and allow for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

Search for Hutchinson House Condos on Hutchinson Island in Stuart Florida


For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team

Westwood Country Estates in Palm City

12.04.11 by

Westwood Country Estates in Palm City

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, which will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and its neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

Just Sold – Newer Stuart West Home on 2.4 Acres

11.12.11 by

Just Sold – Newer Stuart West Home on 2.4 Acres

A 2007 4 Bedroom, 3 Bathroom and 3 car garage home with a heated pool beautifully situated on 2.44 fenced acres. All furniture plus plasma televisions included!!! Owners have enclosed the back (truss roof) porch/patio area and added a third A/Cproviding over 4,000 total square feet under air. Large almost floor-to-ceiling windows overlook the pool area so the room can be opened up to the outdoors providing maximum flexibility for this space. There is 24″ travertine tile throughout the main living areas, intricate trim work and granite in the kitchen and baths. A gazebo/trellis with concrete columns has been added to the pool area.  New glass front doors. The landscaping has been enhanced with new lighting. A must-see!!!

Search for all Stuart West Homes for Sale

For more information, visit our website or call us at (772) 888-2885.

Our market reports are here!

Palm City Florida Real Estate is presented by:

the Gabe Sanders real estate team

Just Sold – Newer Stuart West Home on 2.4 Acres

Westwood Country Estates Home for Sale in Palm City – Open House

11.10.11 by

Westwood Country Estates Home for Sale in Palm City – Open House

Please come visit our open house in Westwood Country Estates in Palm City Florida

on Sunday, November 13 from 1 p.m. to 4 p.m.

Custom energy efficient home, built by the current owner in 2003, this is an immaculate CBS split plan, 3/2/3 that is designed for easy living. Nestled on a half acre and backing up to a pristine preserve, this home offers privacy with all that nature has to offer. Tiled living area, fabulous custom kitchen with breakfast area just off the family room, formal dining room, and screened patio allows for plenty of room for entertaining. All rooms are oversized, and the master closets are huge! 3 car garage with built-in workbench. Plenty of room to add a pool and/or spa in the backyard. Located in Westwood Country Estates, one of Palm City’s hidden gems where you are close to A-Rated schools, I-95, and Florida’s Turnpike.

About Westwood Country Estates:

Westwood Country Estates is a wide-open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots that will give you and your family plenty of room to grow! The landscaping throughout Westwood Country Estates is very eye-pleasing and adds just another feature that you will feel proud coming home to. Each home is a gorgeous piece of art that you will be sure to fall in love with! Palm City is a great place to raise a family with its “A” rated schools and closeness to I-95 and Florida’s turnpike which opens you to all the opportunities of both Martin County and Palm Beach County! The city has plenty of recreational areas to spend a day outdoors with your family!

Search for All Westwood Country Estates Homes for Sale

Westwood Country Estates Home for Sale in Palm City – Open House

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Real Estate presented by
the Gabe Sanders real estate team